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S1E26: Interview with Peter Arcidiacano, Duke professor, labor economist

S1E26: Interview with Peter Arcidiacano, Duke professor, labor economist

FromThe Mixtape with Scott


S1E26: Interview with Peter Arcidiacano, Duke professor, labor economist

FromThe Mixtape with Scott

ratings:
Length:
76 minutes
Released:
Aug 24, 2022
Format:
Podcast episode

Description

I first met Peter Arcidiacano, professor of economics at Duke University, while I was a PhD student at the University of Georgia and I have followed his work since from a distance. I originally followed Peters work because he’d written several articles about sex from a two-sided matching perspective. I was struck by the fact that we both saw thinking about sexual relationships in terms of a matching problem. Two sided matching perspectives focus on the assignment mechanisms that bring people together, and when it comes to sexual relationships, the relative supply of possible partners and competition for those partners will in equilibrium result in pairings, some of which may become the most life sustaining and defining partnerships of those peoples lives. Peter’s work was gratifying to read, and I have often looked up to him for his successful merging of theory and econometrics to study topics I cared about. The economic way of thinking is not about topics, nor is it is not about data, even though economists tend to have particular topics they study intensely and use data usually to do so. The economic way of thinking does though typically involve careful study of allocation mechanisms, such as prices and markets, that bring the productive capacity of communities into existence. These things are important as they animate humans to work together, produce output that manages the production itself, and increasingly towards the end of history, left surplus for humans to enjoy. Who ends up in what activities doing what types of specialized work ultimately shapes that which is made, how much and how it is distributed. The allocations end up not only shaping our lives, but our children’s lives. Starting conditions can cast a long shadow lasting centuries even causing certain groups to creep ahead as more and more of the surplus mounts and accrues to them, while others watch as a shrinking part of the growing pie flows to them.In the United States, in the 21st century, one of the key institutions in all of this assignment of love and commerce has been the university. And within the university system, there are gradations of institutional pedigree and at the top of the pack sits elite institutions whose students seem practically destined to shape and receive the surplus. Given the path dependence in wealth, and how it has interacted with race, it is therefore no wonder that policymakers and economists have for decades sought to refine the rules by which schools can select high school applicants for admission. In many ways, our country’s fight over the use of race in selecting students into college is the old debates about capitalism and the self adjusting market system writ large. So it’s in this broader context about work, schools, matching and allocation mechanisms that I think of Peter and his scholarship. When I review the range of topics on Peters vita, I see the signature marks of the modern 21st century labor economist. Someone interested in markets and how they work to connect people into productive cooperation. Someone interested in institutions, someone concerned about inequality and discrimination, someone versed both in economic theory and econometrics, someone at home with a bewildering array of numbers in a spreadsheet. To me, it is natural that Peter has pivoted so fluidly between topics like sex, work, discrimination and higher education because in my mind these are all interconnected topics concerning the assignment mechanisms we use in America to organize society and maintain our collective standard of living.I invited Peter on the Mixtape with Scott as part of an ongoing series I call “economists and public policy”. The series focuses on how economics and economists think about and attempt to shape public policy. It includes people with a variety of perspectives, and even some who are critics of economics itself. Previous guests on the podcast in the “economists and public policy” series have been Sandy Darity,
Released:
Aug 24, 2022
Format:
Podcast episode

Titles in the series (95)

The Mixtape with Scott is a podcast in which economist and professor, Scott Cunningham, interviews economists, scientists and authors about their lives and careers, as well as the some of their work. He tries to travel back in time with his guests to listen and hear their stories before then talking with them about topics they care about now. causalinf.substack.com